Author Question: Darby (1984) argues that the problem with declining productivity of the 1970s was not an issue. He ... (Read 17 times)

storky111 · **on:** Jun 30, 2018

Darby (1984) argues that the problem with declining productivity of the 1970s was not an issue. He adjusted labor productivity upward to take into account which of the following?

(a) The immigration policies of the 1970s restricted the free migration of highly qualified workers.
(b) More men than women re-entered the workforce.
(c) The overall labor force was relatively young and comprised of individuals still maturing in
their knowledge base and skill sets.
(d) The labor force of the 1970s was older, more senior and had gained more experience than
in the past.

Question 2

An open-economy model is one that

a. allows for trade among nations.
b. permits free flow of individuals among nations.
c. encourages imports but not exports.
d. advocates more exports than imports.
e. Both a and b